analysis of financial statements
TRANSCRIPT
Analysis of Honey Bun
LimitedAnnual Report
Board MembersYana-Kaye White
Natoya KellyAlician Humes
Alex EllisShamoya SmithCashell Walker
Sherri-Ann Myers
Statement of Comprehensive Income
Statement of Financial Position Cash Flow Statement Non Financial Statement items Comparison with Salada Foods
Statement of Comprehensiv
e Income
2010 2011 2012
REVENUES 448.561798 560.847134 611.3332
GROSS PROFIT 178.647642 235.876807 269.271825
EXPENSES 146.2 197.1 227
NET PROFIT 17.189863 27.629827 41.541788
$50.00
$150.00
$250.00
$350.00
$450.00
$550.00
$650.00
SUMMARY GRAPHICAL INCOME STATEMENTA
mou
nt in
Mill
ions
Ratio Analysis of Income StatementRatio 2010 2011 2012
Gross Margin
Percentage
39.83% 42.06% 44.05%
Net Margin Percentage
3.83% 4.93% 6.08%
Statement of Financial Position
(Balance Sheet)
2010 2011 2012
Current Assets 57.080373 78.634268 107.491698
Current Liabilities 64.104703 51.692889 45.940498
10.00
30.00
50.00
70.00
90.00
110.00
AM
OU
NT
IN M
ILLI
ON
S
2010 2011 2012
1 1 10.89
1.52
2.34
Current Ratio
CURRENT LIABILITIESCURRENT ASSETS
Other Ratios
Ratio 2010 2011 2012
Debt to Equity
44% 32% 18%
Acid Test Ratio
0.62 to 1 1.10 to 1 1.72 to 1
Operating Cash Flow
Ratio
0.57 to 1 0.72 to 1 1.06 to 1
2010 2011 2012
Bank 7.048 10.72 23.95
Retained Earnings 88.099 115.781 151.766
$10.00
$30.00
$50.00
$70.00
$90.00
$110.00
$130.00
$150.00
Cash compared to Retained EarningsA
mou
nt in
Mill
ions
Statement of Cash Flow
2010 2011 2012
Investments 10.04 18.46 0
PPE 42.57 41.17 29.04
Intangible Assets 0 5.46 4.46
2.50
7.50
12.50
17.50
22.50
27.50
32.50
37.50
42.50
Investing ActivitiesA
mou
nt in
Mill
ions
Table Showing Financial ActivitiesYear Largest Activity Second Largest
Activity
2010 Proceeds from Borrowing - $28 million
Dividend paid - $8 million
2011 Issue of shares $46.01 million
Dividend paid $6.45 million
2012 Repayment of Borrowings - $4.21 million
Dividend Paid $11.31 million
Is this a good investing and
financing strategy?
Increasing Fixed AssetsPaying of its debtPaying dividends
Non Financial Items
Corporate Responsibility
Marketing Campaigns
Customer Service
Comparison with Salada
Foods Jamaica
2010 2011 2012
Honey Bun 448.562798 560.847134 611.3332
Salada Foods 426.375 560.862 715.609
$50.00
$150.00
$250.00
$350.00
$450.00
$550.00
$650.00
$750.00
Revenues for Honey Bun and Salada Foods
2010 2011 2012
Salada Foods 0.4 0.42 0.44
Honey Bun 0.39 0.35 0.46
3%
8%
13%
18%
23%
28%
33%
38%
43%
48%
Gross Margin for Honey Bun and Salada Foods
2010 2011 20120.00%
5.00%
10.00%
15.00%
20.00%
25.00%
Net Profit Margin
Honey Bunsalada Foods
Earnings Per Share of Both Companies
Honey Bun Limited
Salada Food Jamaica
2010 $0.23 $0.78
2011 $0.34 $0.69
2012 $0.44 $1.43
The better Investment Decision
would be?
Thank you from the Honey Bun
Team.